HEICO (NYSE:HEI) Coverage Initiated by Analysts at KeyCorp

Investment analysts at KeyCorp started coverage on shares of HEICO (NYSE:HEI - Get Free Report) in a research report issued to clients and investors on Thursday, MarketBeat reports. The firm set a "sector weight" rating on the aerospace company's stock.

Other equities research analysts also recently issued reports about the stock. UBS Group began coverage on shares of HEICO in a research report on Tuesday, October 15th. They set a "neutral" rating and a $277.00 target price for the company. Truist Financial boosted their target price on shares of HEICO from $264.00 to $282.00 and gave the stock a "buy" rating in a research report on Friday, October 18th. Bank of America boosted their target price on shares of HEICO from $250.00 to $285.00 and gave the stock a "buy" rating in a research report on Thursday, September 19th. Morgan Stanley upped their price objective on shares of HEICO from $245.00 to $265.00 and gave the stock an "equal weight" rating in a research report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of HEICO from $271.00 to $266.00 and set a "buy" rating for the company in a research report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $270.20.

HEICO Stock Up 2.9 %

HEI traded up $6.73 during midday trading on Thursday, hitting $235.16. The company had a trading volume of 826,715 shares, compared to its average volume of 761,937. HEICO has a 52 week low of $170.66 and a 52 week high of $283.60. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $32.65 billion, a price-to-earnings ratio of 64.25, a PEG ratio of 3.08 and a beta of 1.28. The stock's 50 day moving average price is $253.46 and its 200 day moving average price is $248.87.

HEICO (NYSE:HEI - Get Free Report) last posted its earnings results on Tuesday, December 17th. The aerospace company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.97 by $0.02. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.03 billion. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.74 earnings per share. On average, research analysts anticipate that HEICO will post 4.21 earnings per share for the current fiscal year.

Insider Buying and Selling at HEICO

In related news, insider Victor H. Mendelson bought 726 shares of the company's stock in a transaction on Friday, October 18th. The shares were purchased at an average cost of $262.94 per share, for a total transaction of $190,894.44. Following the completion of the purchase, the insider now directly owns 1,234,950 shares in the company, valued at $324,717,753. The trade was a 0.06 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Alan Schriesheim bought 724 shares of the company's stock in a transaction on Friday, October 18th. The stock was bought at an average price of $262.94 per share, for a total transaction of $190,368.56. Following the completion of the purchase, the director now owns 174,878 shares of the company's stock, valued at approximately $45,982,421.32. The trade was a 0.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 2,175 shares of company stock worth $571,895 over the last three months. 8.10% of the stock is currently owned by insiders.

Institutional Trading of HEICO

A number of institutional investors have recently modified their holdings of HEI. Driehaus Capital Management LLC lifted its stake in shares of HEICO by 66.0% during the 2nd quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company's stock valued at $43,357,000 after buying an additional 77,067 shares in the last quarter. EULAV Asset Management lifted its stake in shares of HEICO by 5.0% during the 3rd quarter. EULAV Asset Management now owns 402,193 shares of the aerospace company's stock valued at $105,165,000 after buying an additional 19,200 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of HEICO during the 3rd quarter valued at approximately $4,502,000. Quantbot Technologies LP lifted its stake in shares of HEICO by 424.1% during the 3rd quarter. Quantbot Technologies LP now owns 18,801 shares of the aerospace company's stock valued at $4,916,000 after buying an additional 15,214 shares in the last quarter. Finally, Integrated Investment Consultants LLC lifted its stake in shares of HEICO by 734.2% during the 3rd quarter. Integrated Investment Consultants LLC now owns 16,942 shares of the aerospace company's stock valued at $4,430,000 after buying an additional 14,911 shares in the last quarter. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

About HEICO

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. Its Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.